KVHI vs QQQ: Correlation
KVH Industries, Inc. (KVHI) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVHI and QQQ?
On 3 years of weekly data the KVHI/QQQ correlation comes out at 0.08, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.06 over 1 year against 0.08 over 3. The 5-year figure is 0.13, and annualized covariance runs at 64.6 %².
By 3-year correlation, QQQ places #7 of the 19 assets tracked against KVHI. On 12-month performance KVHI holds a 13.6-point edge, +39.9% against +26.3%. Risk is not evenly split, since KVHI carries 2.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
KVHI vs QQQ: side by side
| KVHI (KVH Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.9% | +26.3% |
| 5-year return | -25.9% | +95.4% |
| Volatility (ann.) | 41.7% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -35.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | KVHI | QQQ |
|---|---|---|
| 2022 | +11.2% | -32.6% |
| 2023 | -48.5% | +54.9% |
| 2024 | +8.4% | +25.6% |
| 2025 | +22.3% | +20.8% |
| 2026 | +10.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVHI and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KVHI and QQQ?
As of 2026-08-27, the correlation of weekly returns between KVHI and QQQ is 0.08 over 3 years, 0.06 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for KVHI?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: KVHI correlations · QQQ correlations
